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DCF valuation

What is Genesis Energy LP worth?

With the base-case assumptions below, a discounted cash flow model on Genesis Energy LP's reported free cash flow gives -$18.48 per share. The share price was $14.17 on September 25, 2026, 177% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$65.9M
Average free cash flow, last 5 years
-$56.3M
Cash
$39.3M
balance sheet of June 30, 2026
Debt
$3.1B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
122,464,000
Revenue growth per year, last 5 years
-2.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-7.0%-2.5%2.0%10.0%-$20.91-248%
Base-2.0%0.5%2.5%9.0%-$18.48-230%
Bull3.0%3.0%3.0%8.0%-$13.94-198%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%-$16.82-$16.33-$15.72-$14.97-$14.00
8.0%-$18.05-$17.73-$17.35-$16.90-$16.34
9.0%-$18.95-$18.73-$18.48-$18.18-$17.84
10.0%-$19.64-$19.48-$19.31-$19.11-$18.87
11.0%-$20.19-$20.07-$19.94-$19.80-$19.64

Where the presets come from

Base: years 1 to 5 grow at Genesis Energy LP's revenue growth rate over the last 5 fiscal years (-2.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Genesis Energy LP company page